BRIEF

on Black Pine Capital GmbH

Update for ASTALDI Creditors Lacking SFP Securities

Black Pine Capital GmbH has issued a notice to creditors of ASTALDI who lack their own securities accounts, resulting in their inability to receive SFP securities IT0005422925. The Court of Rome approved an arrangement with ASTALDI creditors on July 17, 2020. However, those without securities accounts remain unable to obtain their SFP securities.

For creditors affected, it is crucial to understand that compensation is contingent upon the transfer of these securities to a personal securities account. Black Pine Capital encourages impacted creditors to contact them for guidance, particularly if they intend to sell their ASTALDI credits.

R. H.

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